A.Taxes and charges to be paid for industrial land utilization in accordance with the national policies are summarized as follows:
(i) Land transfer rate: RMB 8,153.8 yuan per mu (i.e. RMB 12.23 yuan per square meter)
(ii) Land requisition fee: RMB 13,800 yuan per mu
(iii) Tax on occupation of cultivated land: RMB 4,200 yuan per mu (i.e. RMB 6.3 yuan per square meter)
(iv)Land administration fee: RMB 552 yuan per mu
(v)Reclaim fee on cultivated land: RMB 8,000 yuan per mu (in terms of 8 times of the annual output value of RMB 1,000 yuan per mu)
(vi) Contract tax: RMB 658.6 yuan per mu
Total: RMB 35,364.4 yuan per mu (Note: Mu is a unit of area, 1 mu is equal to 0.0667 hectares.)

After the approval on land utilization, land registration and certification shall be carried out. The registering rate is: RMB 100 yuan for land of less 1,000 square meters, and RMB 40 yuan for each additional 500 square meters, while the total registration fee shall be exceed RMB 40,000 yuan.

The land utilization shall be subject to the provincial government for review and approval. For any foreign-funded enterprises to be established in Haiyang Industry Park, the total charge on the utilization of state-owned land is RMB 27,000 yuan per mu. For the exceeding part, if any, Haiyang Municipal Government shall grant allowances. The land utilization period is up to 50 years.